Carten Engineering Ltd - Abbreviated accounts

CARTEN ENGINEERING LTD - Company Information

Registered number

06909298

Carten Engineering Ltd

Abbreviated Accounts

31 May 2015

Carten Engineering Ltd
Registered number:		06909298
Abbreviated Balance Sheet
as at 31 May 2015

Notes			2015			2014
£				£
Fixed assets
Tangible assets	2		269,606			275,702

Current assets
Debtors		29,237			76,748
Cash at bank and in hand		126,153			30,019
		155,390			106,767

Creditors: amounts falling due within one year		(55,730)			(66,140)

Net current assets			99,660			40,627

Net assets			369,266			316,329

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			369,166			316,229

Shareholders' funds			369,266			316,329

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



E C Smith
Director
Approved by the board on 29 January 2016

Carten Engineering Ltd
Notes to the Abbreviated Accounts
for the year ended 31 May 2015

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective 4/1/2008).

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			10% on reducing balance
	Freehold property			2% on flat rate

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Tangible fixed assets					£

	Cost
	At 1 June 2014					282,362
	At 31 May 2015					282,362

	Depreciation
	At 1 June 2014					6,660
	Charge for the year					6,096
	At 31 May 2015					12,756

	Net book value
	At 31 May 2015					269,606
	At 31 May 2014					275,702


3	Share capital	Nominal		2015		2015		2014
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100